Exxon 2008 Annual Report Download - page 29

2008 Results and Highlights
Best-ever lost-time injury rate for combined employee
and contractor workforce.
Strong earnings of $8.2 billion,
generating a return on
average capital employed of 32 percent.
Refinery throughput of 5.4 million barrels per day,
comparable to 2007 excluding the impact of the Gulf Coast
hurricanes and portfolio changes.
Petroleum product sales of 6.8 million barrels per day.
Increased raw material flexibility through the use of
proprietary technology. Since 2004 we have run on average
125 crudes new to individual refineries every year.
Started up four new projects to produce lower-sulfur
diesel and announced plans to invest more than $1 billion in
three refineries – Baytown, Texas; Baton Rouge, Louisiana;
and Antwerp, Belgium – to further increase production of
lower-sulfur diesel.
Began commissioning a new 125-megawatt cogeneration unit in our Antwerp, Belgium, refinery, with sufficient capacity
to meet the refinery’s power requirements as well as the majority of the power needs of the other ExxonMobil manufacturing
sites in Belgium.
Launched Mobil 1 Advanced Fuel Economy synthetic motor oil, designed to improve fuel economy, benefitting the environment.
Eric฀Whetstone฀•฀Whetstone฀Design฀Lab
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EDITOR
David฀Bailey฀•฀Investor฀Relations
Exxon฀Mobil฀Corporation,฀Irving,฀TX
office:฀972-444-1135฀•฀cell:214-478-9189
[email protected]
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[email protected]
Usage:฀Exclusive฀rights฀within฀ExxonMobil
(c)฀2009,฀ZM฀Graphics฀฀฀Image฀can฀not฀be฀resold
ATTENTION:฀OWNER
Data฀list฀is฀used฀to฀drive฀the฀black฀and฀
template฀for฀the฀color฀chart.฀Bars฀and฀
lines฀are฀cut฀and฀pasted฀from฀the฀black฀
and฀white฀template฀and฀are฀highly฀
accurate.฀However,฀the฀color฀chart฀is฀
NOT฀linked฀to฀the฀database฀and฀is฀NOT฀
“driven”฀by฀the฀data;฀it฀is฀a฀piece฀of฀
artwork฀buiilt฀by฀a฀human.฀Therefore,฀the฀
editor฀needs฀to฀thoroughly฀proof฀the฀final฀
artwork,฀not฀JUST฀the฀data฀list.
VERSION
APPROVED฀BY
Fancher฀/฀Controllers
Feb.฀14,฀2009
FILE฀INFO
LAST฀FILE฀CHANGE฀MADE฀BY
73A฀08XOMF-
DownstrmROCE.ai
Carol James Bill
IN฀F&O฀ON฀PAGE
IN฀SAR฀ON฀PAGE
Note:
Includes฀link฀file
฀ "XOM"฀ "Industry"
Industry
XOM
ExxonMobil Integrated฀Oil฀Competitor฀Average(1)
2004 2005 2006 2007 2008
Downstream฀Return฀on฀Average฀Capital฀Employed
(percent)
(1) Royal Dutch Shell, BP, and Chevron values are estimated on a consistent
basis with ExxonMobil, based on public information.
40
35
30
25
20
15
10
5
IS฀IN
SAR฀and฀F&O
DOWNSTREAM COMPETITIVE ADVANTAGES
Portfolio฀Quality฀•฀ We are the world’s largest global refiner,
manufacturer of lube basestocks, and supplier/marketer
of petroleum products. Our large, world-class facilities are
located in major markets around the world.
Global฀Integration฀•฀ Over 75 percent of our refining capacity
is integrated with our lubes and/or chemical businesses.
Our global functional organization facilitates efficient
development and deployment of global best practices and
new technologies.
Discipline฀and฀Consistency฀•฀ Systematic processes and
corresponding efficient execution have established us
as an
industry leader in operational excellence and cost
effectiveness.
Value฀Maximization฀• Proprietary Molecule Management
technology enables us to optimize raw material selection and
processing, and maximize yields of higher-value products.
Long-Term฀Perspective฀•฀ We maintain a disciplined capital
approach focused on profitable and resilient investments
that build our competitive advantage over time.
DOWNSTREAM STATISTICAL RECAP 2008 2007 2006 2005 2004
Earnings (millions of dollars) 8,151 9,573 8,454 7,992 5,706
Refinery throughput (thousands of barrels per day) 5,416 5,571 5,603 5,723 5,713
Petroleum product sales(1) (thousands of barrels per day) 6,761 7,099 7,247 7,519 7,511
Average capital employed(2) (millions of dollars) 25,627 25,314 23,628 24,680 27,173
Return on average capital employed(2) (percent) 31.8 37.8 35.8 32.4 21.0
Capital expenditures (millions of dollars) 3,529 3,303 2,729 2,495 2,405
(1) Petroleum product sales data are reported net of purchases/sales contracts with the same counterparty.
(2) See Frequently Used Terms on pages 44 through 45.
E X X O N ฀ M O B I L ฀ C O R P O R A T I O N ฀ •฀ 2 0 0 8 ฀ S U M M A R Y ฀ A N N U A L ฀ R E P O R T 27